Iran's National Security Council Spokesperson: Committee Approves Key Provisions of Strait of Hormuz Security Bill

According to Wallstreetcn, Iran's National Security Council spokesperson said the committee approved Article 2, Clause 5 of the "Sustainable Security and Progress Strategy Action for the Strait of Hormuz" bill, which requires bank guarantees and insurance coverage for potential risks to navigation, and also approved Article 6, which defines the mechanism for setting service fees and insurance rates as well as the implementing regulations.